Repealing Estate Tax would have saved $34 billion!!! Republicans Cancel Out Savings with Defense Spending.

Just to prove how bad Republicans are at budgeting, due mostly to a contradiction filled ideology, check out how easy the congress could have saved $38 billion without all the theatrics and tea party praise.

Here Heather McGhee, of Demos DC, points out that reinstating the estate tax would have saved $34 billion just like that. Done. No draconian cuts to the poorest in our country. McGhee calls it the Paris Hilton give-a-way.



Even more bad news. Republicans unending and unlimited monetary support of the military will cancel out their own hard fought savings. Doh!!!

Fox News: The $38 billion in budget cuts touted by Republicans over the weekend might end up being less. A lot less. According to a Congressional Budget Office estimate, the hard-fought budget deal funding the government for the rest of the year saves only $352 million from non-war accounts this year. 

About $8 billion in immediate cuts to domestic programs and foreign aid are offset by nearly equal increases in defense spending. When war funding is factored in the legislation would actually increase total federal outlays by $3.3 billion relative to current levels.